Assignment week 7

Question #1 Describe capital budgeting decisions and use the net present value (NPV) method of making such decisions. Respond No one has responded to this topic. To be the first respondent, click the Respond link below the topic. 4:14 PM ENG 4/17/2021 hp f12 prt sc delete home er イ num backspace lock

The City of Minden entered into the following transactions during the year 2026. 1. 2. 3. 4. 5. 6. 7. 8. 9. A bond issue was authorized by vote to provide funds for the construction of a new municipal building, which it was estimated would cost $1,080,000. The bonds are to be paid in 10 equal installments from a Debt Service Fund, and payments are due March 1 of each year. Any premium on the bond issue, as well as any balance of the Capital Projects Fund, is to be transferred directly to the Debt Service Fund. An advance of $74,000 was received from the General Fund to underwrite a deposit on the land contract of $111,000. The deposit was made. Bonds of $992,000 were sold for cash at 102. It was decided not to sell all the bonds because the cost of the land was less than expected. Contracts amounting to $884,000 were let to Sunny and Company, the low bidder, for construction of the municipal building. The temporary advance from the General Fund was repaid and the balance on the land…

3 The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2024, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.   Debits Credits Accounts payable   $ 108,000 Accounts receivable $ 27,400   Accrued interest payable   30,600 Accumulated depreciation   49,000 Administrative and selling expenses 51,000   Allowance for uncollectible accounts   13,000 Capital assets 714,000   Cash 96,800   Charges for sales and services   561,000 Cost of sales and services 500,000   Depreciation expense 49,000   Due from General Fund 17,300   Interest expense 40,500   Interest revenue   5,300 Transfer in from General Fund   117,600 Bank note payable   630,400 Supplies inventory 18,900   Totals $ 1,514,900 $ 1,514,900   Required: Prepare the reconciliation of operating income to net cash provided by operating activities that would appear at…

3 The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2024, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.   Debits Credits Accounts payable   $ 108,000 Accounts receivable $ 27,400   Accrued interest payable   30,600 Accumulated depreciation   49,000 Administrative and selling expenses 51,000   Allowance for uncollectible accounts   13,000 Capital assets 714,000   Cash 96,800   Charges for sales and services   561,000 Cost of sales and services 500,000   Depreciation expense 49,000   Due from General Fund 17,300   Interest expense 40,500   Interest revenue   5,300 Transfer in from General Fund   117,600 Bank note payable   630,400 Supplies inventory 18,900   Totals $ 1,514,900 $ 1,514,900   Required: Prepare the reconciliation of operating income to net cash provided by operating activities that would appear at the…

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2 The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2024, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.   Debits Credits Accounts payable   $ 108,000 Accounts receivable $ 27,400   Accrued interest payable   30,600 Accumulated depreciation   49,000 Administrative and selling expenses 51,000   Allowance for uncollectible accounts   13,000 Capital assets 714,000   Cash 96,800   Charges for sales and services   561,000 Cost of sales and services 500,000   Depreciation expense 49,000   Due from General Fund 17,300   Interest expense 40,500   Interest revenue   5,300 Transfer in from General Fund   117,600 Bank note payable   630,400 Supplies inventory 18,900   Totals $ 1,514,900 $ 1,514,900     Required: Prepare the closing entries for December 31. Prepare the Statement of Revenues, Expenses, and Changes in Fund…

Required information Exercise 6-4 and Exercise 6-5 (Algo) [The following information applies to the questions displayed below.] The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Accounts payable Accounts receivable Accrued interest payable Accumulated depreciation Administrative and selling expenses Allowance for uncollectible accounts Capital assets Cash Charges for sales and services Cost of sales and services Depreciation expense Due from General Fund Interest expense Interest revenue Transfer in from General Fund Bank note payable Supplies inventory Totals Exercise 6-4 (Algo) $ Debits 31,900 55,500 732,000 99,500 509,000 53,500 18, 200 41,400 Credits $ 117,000 35,100 53,500 13,900 579,000 6,200 128,500 628,500 20,700 $1,561,700 $1,561,700 Required: a. Prepare the closing entries for December 31. b. Prepare…

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arning X + tps://ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=5933142288413647560152243&eISBN=97813379 CENGAGE | MINDTAP 11: Assignment - The Basics of Capital Budgeting Blue Llama Mining Company is evaluating a proposed capital budgeting project (project Sigma) that will require an initial investment of $800,000. Blue Llama Mining Company has been basing capital budgeting decisions on a project's NPV; however, its new CFO wants to start using the IRR method for capital budgeting decisions. The CFO says that the IRR is a better method because returns in percentage form are easier to understand and compare to required returns. Blue Llama Mining Company's WACC is 8%, and project Sigma has the same risk as the firm's average project. The project is expected to generate the following net cash flows: Year Year 1 Year 2 Year 3 Year 4 Cash Flow $350,000 $475,000 $425,000 $500,000 Which of the following is the correct calculation of project Sigma's IRR? 34.38% 38.20% 42.02% O 36.29%

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Review problem affecting reporting on General Fund As the recently appointed chief accountant of the City of York, you asked the bookkeeper for a trialbalance of the General Fund as of December 31, 2022. York uses only a General Fund to recordall its transactions. This is what you received: City of York General Fund Trial Balance December 31, 2022       Debits Credits Cash $20,800   Short-term investments 180,000   Accounts receivable 11,500   Taxes receivable—current 30,000   Tax anticipation notes payable   $58,000 Appropriations   927,000 Expenditures 795,200   Estimated revenues 927,000   Revenues   750,000 General city property 98,500   General obligation bonds payable 52,000   Unassigned fund balance   380,000   $2,115,000 $2,115,000 After reviewing the trial balance, you realize that the inexperienced bookkeeper made errors onsome transactions and merely guessed at the correct accounting treatment of other transactions.This is what you found…

Miscellaneous scenarios requiring journal entries The following transactions and events pertain to Bean County’s General Fundfor the calendar year 2022:1. The entity receives invoices in early January 2023 for $25,000 for professional servicesobtained in 2022, and $32,000 for December 2022 utility services.2. The entity borrows $500,000 on August 1, 2022, in anticipation of thecollection of property taxes. The borrowed amount is due to be repaid onJanuary 31, 2023, with interest at the rate of 1.5 percent per annum.3. The entity invests $300,000 cash in a CD on November 1, 2022, at an interest rateof 1 percent per annum. The CD will mature on January 31, 2023.4. In September 2022, the entity receives and accepts supplies that had beenordered in August. The amount that had been encumbered was $40,000,but the amount of the approved invoice was $42,000.Prepare journal entries for the transactions and events listed above.Enter 0 or leave the field blank if no entry is required for calendar…

What is the total amount of additional funding which the firm plans to take on in the year 2020? FIN401 - Ch.12 Problems Problem 12-9: Garlington Tech S24 Variant Balance Sheet Cash Receivables Inventory Total Current Assets Net Fixed Assets Total Assets Accounts Payable Line of Credit Accruals Total Current Liabilities Long-term Bonds Common Stock Retained Earnings Total Liabilities & Equity AFN (external) Cumulative AFN Income Statement Final Projection 12/31/2019 12/31/2020 160,000.00 184,000 360,000.00 387,000 720,000.00 828,000 1,240,000.00 1,399,000 4,000,000.00 4,600,000 5,240,000.00 5,999,000 360,000.00 414,000 148,954.27 200,000.00 230,000 560,000.00 792,954 1,000,000.00 1,000,000 1,100,000.00 1,248,954 2,580,000.00 2,957,091 5,240,000.00 5,999,000 0.00 297,908.55 Final Projection 12/31/2019 12/31/2020 Sales Operating Costs 4,000,000.00 4,600,000.00 3,200,000.00 3,680,000.00 EBIT Interest EBT 800,000.00 920,000.00 120,000.00 137,874.51 680,000.00 782,125.49 Taxes (25) Net…

The City of Minden entered into the following transactions during the year 2026. 1. 2. 3. 4. A bond issue was authorized by vote to provide funds for the construction of a new municipal building, which it was estimated would cost $1,080,000. The bonds are to be paid in 10 equal installments from a Debt Service Fund, and payments are due March 1 of each year. Any premium on the bond issue, as well as any balance of the Capital Projects Fund, is to be transferred directly to the Debt Service Fund. An advance of $74,000 was received from the General Fund to underwrite a deposit on the land contract of $111,000. The deposit was made. Bonds of $992,000 were sold for cash at 102. It was decided not to sell all the bonds because the cost of the land was less than expected. Contracts amounting to $884,000 were let to Sunny and Company, the low bidder, for construction of the municipal building. 5. The temporary advance from the General Fund was repaid and the balance on the land contract was…

sent value index Tasty Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the computation are as follows: Total present value of net cash flow Amount to be invested Net present value Des Moines Cedar Rapids $192,610 $214,080 (187,000) $5,610 (223,000) $(8,920) a. Determine the present value index for each proposal. Round your answers for the present value index to two decimal places. Total present value of net cash flow Amount to be invested Des Moines Cedar Rapids Present value index b. Which location does your analysis support? (If both present value indexes are the same, either location will grade as correct.) , because the net present value index is 1.